Although national accounts data provide the most comprehensive overview of economic activity, preliminary estimates are subject to much revision before they are regarded as reliable indicators. Oddly enough, the market acts on the preliminary estimates as though they were final and complete....

Economists have proposed several different techniques for measuring the underground economy but the literature gives only point estimates not standard errors. This makes it difficult to see if different estimates are contained in one confidence band. This paper provides an approach to estimating...

The statistical discrepancy is often used to gauge the reliability of national accounts data. Particularly since the mid-1980's the statistical discrepancy in Australia has grown significantly in size and variance. In the paper we demonstrate that the overwhelming contribution to the size of the...

Economists have proposed several different econometric techniques for measuring the underground economy but these estimates have varied widely and have cast doubts on their credibility and usefulness. This paper describes a dynamic bootstrap routine for constructing confidence intervals for...

Although there has been considerable discussion on the size of the shadow economy, comparatively little attention has been given to relationship between unemployment and participation in this sector. The objective of this paper is to examine participation in the shadow economy by those who claim...

The statistical discrepancy is often used to gauge the reliability of national accounts data. Particularly since the mid-1980’s the statistical discrepancy in Australia has grown significantly in size and variance. In this paper we demonstrate that the overwhelming contribution to the size of...

Economists have proposed several different econometric techniques for measuring the underground economy but these estimates have varied widely and have cast doubts on their credibility and usefulness. This paper describes a dynamic bootstrap routine for constructing confidence intervals for...